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September 20, 2017

Toys R Us joins the retail bankruptcy list

  • Credit Suisse believes that 8,640 retail stores could close this year, which would surpass the 2008 peak of 6,200.
  • By ANNE D'INNOCENZIO
    Retail Writer

    NEW YORK — In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as online leader Amazon increasingly exerts its influence over a huge part of the retailing world.

    The toy chain, hobbled by $5 billion in debt and more intense competition, filed for protection from its creditors ahead of the key holiday season. Like so many retailers that find it harder to co-exist with Amazon, analysts say Toys R Us needs to improve its online services and offering special experiences in the stores.


     
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